The Globe and Mail reports in its Wednesday, Feb. 25, edition that Raymond James analyst Luke Davis has lowered his recommendation for Whitecap Resources to "outperform" from "strong buy." The Globe's David Leeder writes that Mr. Davis boosted his share target by a loonie to $16. Analysts on average target the shares at $14.50. Mr. Davis says in a note: "One aspect of Whitecap's portfolio has transitioned from headwind to tailwind -- diversification of assets. There was a time that Whitecap peers offered clear, easy to understand/value growth from a few plays. Whitecap, being more diversified, was more challenging to understand, and the multitude of growth options were more difficult to value. However, some peers have run into difficulty with single assets, and Whitecap's multi-asset growth strategy (Kaybob, Lator, Resthaven, Gold Creek/Karr, Kakwa) provides deep inventory and comforting diversification. ... Whitecap has provided operational consistency, and its future growth is from a diversified basket of oil-weighted assets -- a differentiating factor. Investors should expect a 5-per-cent dividend yield and additional FCF beyond capex and dividends that equate to an incremental 4 per cent of its market cap."